From there onwards Peñaranda's career went downhill, as he never settled in a team and often changed countries, until his definite release by Milan in June 2006: abroad, he played in Mexico for C.F. Pachuca, Bosnia and Herzegovina for FK Slavija (Sarajevo) and in Azerbaijan with Neftchi Baku PFC, appearing in the 2005–06 UEFA Champions League preliminary rounds with the latter.
Ivan Turgenev | Ivan Caryll | Ivan Lendl | Ivan Vazov | Ivan the Terrible | Ivan Shapovalov | Iván Rodríguez | Ivan Reitman | Ivan Pavlov | Ivan Lins | Hurricane Ivan | Ivan Krylov | Ivan Franko | Ivan Tors | Ivan Basso | Ivan Vladislavic | Ivan Neville | Ivan Meštrović | Ivan Varichev | Ivan Sergei | Ivan Panfilov | Ivan Kostov | Ivan Galamian | Iván Campo | Ivan Stang | Ivan's Childhood | Ivan Rybkin | Ivan Pregelj | Ivan Paskevich | Ivan Olbracht |